European Commission Investigating Subsidies to Chinese Train Manufacturer
On Friday, the European Commission announced the first ever in-depth investigation under its new Foreign Subsidies Regulation, targeting CRRC Qingdao Sifang Locomotive Co., Ltd., a subsidiary of CRRC Corporation, a Chinese state-owned train manufacturer.
CTM Weekly Newsletter
This past week, CTM covered the following issues.
In China:
* Electric vehicle promotion
* Anti-dumping review of EU potato starch
* Chinese views of U.S. election
In the U.S.:
* Forced labor concerns with Volkswagen luxury brand imports
* Dumping/subsidization determinations on Chinese pea protein
* U.S. Trade Rep. comments on
Beijing to Encourage New Energy Vehicle Trade
Last week, Beijing issued a document outlining measures to support the sale of new energy vehicles in international markets, focusing on seven areas: international operation, logistics, financial support, trade promotion, business environment, and risk-prevention.
Volkswagen Luxury Brands Held up in U.S. Ports Due to Forced Labor Issues
News reports indicate that certain Volkswagen luxury brands have seen imports into the U.S. held up at ports due to concerns about components made in Xinjiang using forced labor.
How Chinese People Are Thinking about the U.S. Election
As the U.S. election season approaches, the stakes are high for U.S.-China economic relations. But according to Chinese policy experts and business leaders, the outcome may not have much impact on the Chinese people, businesses, and overall relations, as a degree of de-coupling/de-risking between the two
WTO Meeting Discusses Chinese Anti-Dumping Practices, Chinese Concerns with Others' Practices
At the meeting of the WTO's Committee on Anti-Dumping Practices on October 26, 2023, for which the meeting minutes were recently circulated, Japan raised concerns about Chinese anti-dumping duties on certain chemicals, and China raised concerns about the anti-dumping practices of the EU, UK, and U.S.
Hesai Plans Lawsuit against Inclusion on Defense Department Blacklist
Hesai Technology, an electronics company headquartered in Shanghai, has said it will bring a lawsuit against the U.S. Department of Defense in order to get itself taken off a blacklist of Chinese military companies.